The Debt Maturity Structure of Nigerian Quoted Firms

Oluseun Paseda () and Rufus Olowe

MPRA Paper from University Library of Munich, Germany

Abstract: Perhaps the most familiar idea underlying debt maturity choice is the maturity-matching hypothesis wherein liabilities' maturities correlate with assets' maturities. However, the maturity-matching hypothesis does not provide a comprehensive explanation for many empirical patterns of firm behaviour. This study investigates the determinants of debt maturity choice using a panel of 50 Nigerian quoted firms between 1999 and 2014.

Keywords: Debt maturity; contracting cost hypotheses; signalling hypotheses; tax hypotheses; liquidity risk hypotheses (search for similar items in EconPapers)
JEL-codes: F65 G02 G3 O16 (search for similar items in EconPapers)
Date: 2018-06-30, Revised 2018-06-30
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Published in Lagos Journal of Banking, Finance and Economic Issues 1.4(2018): pp. 51-96

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117061

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